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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 03, 1965
Page
17
New York AP reports the stock market moved irregularly in fairly active trading. Volume was about 5.3 million shares, higher than Friday's 3.19 million. Market activity showed uneven momentum and varied declines and advances among major issues.
In Chicago, selling pressure dominated grain futures with widespread liquidation, hitting expiring May contracts hardest. Despite weak prices, improved farm weather cooled the decline in new crop months for corn, oats, and soybeans. soybeans fell 4 to 2 cents, wheat 14 to 1% lower, corn 4 to LY lower, oats 4 to 1 cent lower, rye down 4 to 4 cents. Chicago case provisions listed No 2 hard red winter wheat at 1.45 to 1.44, No 2 yellow corn about 1.36 to 1.37, and No 1 yellow soybeans at 2.90.
Chicago AP reports USDA estimates for Tuesday show 2004 cattle 5000 hogs and 300 sheep. The butcher hog market rose to the highest level in over six years as about 6000 head sold 25 to 50 cents higher in Monday trading.
Galveston police, the sheriff�s office and the Texas Rangers ended an unofficial beach celebration in Galveston. Officers armed with clubs shotguns rifles and wearons cleared East and Stewart Beach areas in under an hour. The gathering began Friday with youths from nine states arriving at the Gulf resort.
The article reports on a large beach crowd for Splash Day in Galveston with police orders to clear Esplanade beaches after thefts and indecency complaints. It also covers Marion voters deciding on annexing 900 acres, local livestock market results, and various community notices including YMCA schedules, a Mothers club meeting, housing permits, and local club meetings.
Ameri can Tobacco Co and Consolidated Foods Corp have mutually terminated their planned merger valued at more than $400 million. An American Tobacco officer cited a Federal Trade Commission investigation as a factor in the decision, with no further reasons given.
In Middletown, New Jersey, veterinarian Dr. Cecil Sprung endures sneezing, wheezing, and congested lungs from cat and dog allergies. He recalls symptoms began after bringing a kitten home from the office. The piece notes industry merger news and several local club notices.
India and Pakistan hold an unofficial calm along their common frontier as more than 100000 troops remain in place. No formal truce exists, with both sides likely to keep guns quiet until the monsoon floods render fighting impractical in the desert regions.
In a letter to Mayor Bob Johnson Sen B B Hickenlooper expressed support for a uniform Daylight Saving Time bill to reduce national confusion The measure would set Daylight Time from the last Sunday in April to the last Sunday in October nationwide The senator said he expects the bill to clear the committee soon and stressed the importance of uniformity.
In St Louis a 14 year old boy Robert Gardner died after guiding his three younger brothers from a blazing two story home. Ronnie Donald 4 and Deborah Harvey 7 also died. Gardner reentered the house to help them as firemen removed the bodies from the second floor. Their mother Mrs Donald 29 was seriously injured after jumping to safety.
Resurgent Mutuals reports first quarter sales soaring well above redemptions with data from Inc Co Inatirye. The release highlights robust demand and improved liquidity despite market headwinds.
AP USDA live poultry wholesale prices show V2 to Ic lower for wholesale buys, roasters 25 28c, White Rock fryers 18%2 21c. Butter steady with mixed AA and A scores cited. eggs weak with several grade prices listed. Potatoes arrivals and shipments noted, market dull with California long whites at 7.10 dollars and Texas round reds at 4.00. New York butter ample, eggs demand weak, various grade prices given.
A decline in net income for the first quarter was reported by Penick and Ford. Profits totaled $944,464 versus $1,033,298 in the year-ago quarter. Net per common share was 22 cents, down from 24 cents last year.
Howard Spring, 7, noted novelist of books for adults and children, died at his home in Falmouth England after a period of ill health. The report combines conflicting datelines and garbled details from AP.
Sioux City cattle receipts 12,000 with steady trade. Steers and heifers show full stability. choice slaughter steers around 24 75 to 25 50 with some to 76.00, four toads of choice and prime steers at 57.15, choice heifers about 23 75 to 25 two. mostly average to high choice.
Receipts 15 600 cattle 500 calves. Trade moderately active. Steers and heifers fully steady. Choice slaughter steers 24 50 25 25 with few end prime 26 25 26 50. Choice Keifers 23 7 54 22 75.
Hog prices in Cedar Rapids Monday showed a steady trend with Saturday’s bulk 200 to 230 lb butchers at 18.00 to 18.25 dollars. Sows around 300 lb and under bid 15.50 to 16.00, with price differentials applying for weight and grade as deliveries occur at the plant.
Firemen battled a two hour blaze at the Ortho division plant of California Chemical Co in north Omaha. A dark cloud of fumes swept over the area threatening a nearby 100 trailer court two blocks east as the building roof and walls collapsed. The fire began about 8:30 a.m. CST.
A head on collision near Freedom Indiana killed three people and injured nine in two crowded family cars late Sunday night. Police closed the highway as investigators examined the wreckage and surrounding scene.
East German teenagers escaped to West Berlin over the weekend. A fourth man was shot during the bid for freedom.
Sam Shulsky weighs a 50 year old with 10000 in stocks and a broker who favors unlisted issues. He notes most holdings are listed except Transcon and General Aniline traded OTC and urges sticking with a trusted broker rather than chasing multiple advisory voices.
Negotiations between painters and paperhangers unions and contractors failed to yield a settlement Monday. The morning session began at 9 a.m. and ran without agreement, with talks to resume in the afternoon. Union leaders rejected an offer from contractors on Friday night.
Garrison resident Vinton Newton Rich ards was fined $25 and costs by Justice Fay Hite after pleading guilty to assault and battery. Three minors were fined $25 and costs for a beer law violation.
Three Independence youths Robert Palmer Carl King and David Seibell were fined $50 and costs for assault and battery after following Michaell Howard of La Porte City in a car from Independence to Jesup and attacking him. They and Richard Boenfas were also accused of opening a fire hydrant and held for district court on $200 bond. a fifth member Ronnie Palmer 17 faced parole violation charges.
The Iowa House passed a bill 79 to 26 raising license costs for hunters and anglers. Annual hunting or fishing licenses go from 2.50 to 3 dollars, combined licenses from 4.50 to 5 dollars, and the trout stamp from 2 to 3 dollars. Funds support the state conservation commission’s area development and management program.
Daniel Clark aged 86 of La Porte City died Sunday night from burns received at his home after he ignited a trash fire on April 22. Officials reported the flames caused severe injuries leading to the death.
Prince Philip recalled a Borneo banquet during his eight week Asia tour when he was offered a harmless looking local brew called Tapai made from tapioca roots. He said it tasted very good and he had two tumblers, adding I could hardly walk afterwards. A spokesman for the Malaysian government confirmed Tapai as the brew.
Washington AP reports a $40 million program to fund about 70 000 summer jobs for youths to earn money and stay in school was approved by President Johnson on Monday.
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